Papa Johns International, Inc. (NASDAQ:PZZA) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 67.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,593 shares of the company's stock after selling 195,959 shares during the period. Nuveen Asset Management LLC owned approximately 0.28% of Papa Johns International worth $3,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP boosted its stake in shares of Papa Johns International by 2.5% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company's stock worth $647,000 after buying an additional 388 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Papa Johns International by 300.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock valued at $25,000 after acquiring an additional 450 shares in the last quarter. KBC Group NV lifted its holdings in Papa Johns International by 9.1% in the fourth quarter. KBC Group NV now owns 6,639 shares of the company's stock valued at $273,000 after acquiring an additional 551 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Papa Johns International by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company's stock worth $776,000 after purchasing an additional 658 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after purchasing an additional 717 shares during the period.

Papa Johns International Price Performance

Papa Johns International stock traded up $0.08 during trading on Tuesday, reaching $46.39. 835,503 shares of the company were exchanged, compared to its average volume of 1,222,644. The stock's 50 day simple moving average is $37.18 and its two-hundred day simple moving average is $41.40. The company has a market capitalization of $1.52 billion, a P/E ratio of 16.16, a PEG ratio of 2.41 and a beta of 1.09. Papa Johns International, Inc. has a 52-week low of $30.16 and a 52-week high of $60.75.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business had revenue of $518.31 million during the quarter, compared to the consensus estimate of $512.48 million. During the same period last year, the company earned $0.67 EPS. The company's revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts forecast that Papa Johns International, Inc. will post 2.19 earnings per share for the current year.

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Monday, May 19th. Papa Johns International's dividend payout ratio (DPR) is presently 78.30%.

Wall Street Analysts Forecast Growth

PZZA has been the subject of a number of analyst reports. Loop Capital decreased their price objective on shares of Papa Johns International from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Stephens reaffirmed an "overweight" rating and set a $50.00 target price on shares of Papa Johns International in a research note on Thursday, May 8th. Wedbush reiterated an "outperform" rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Benchmark reaffirmed a "buy" rating and set a $50.00 price objective on shares of Papa Johns International in a report on Monday, May 12th. Finally, Northcoast Research upgraded Papa Johns International to a "hold" rating in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $51.25.

Papa Johns International Profile

Papa John's International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.